TERMS AND DEFINITIONS OF THE CONTRACT Sample Clauses

TERMS AND DEFINITIONS OF THE CONTRACT. 1.1. Unless otherwise stipulated in the Contract or evident from the spirit of the Contract, the terms used in the Contract shall bear the following meaning: 1.2. Downpayment is the first payment made by the Buyer to the Seller under the Special Conditions and on the basis of the Payment Schedule for acquisition of the Goods. 1.3. Factor is a person to whom the Seller has assigned the contractual financial claim against the Buyer, and who administers the contractual claim on behalf of the Seller and exercises all rights arising from the claim (including the right of collection). 1.4. Interest is the fee paid by the Buyer to the Factor under the Contract and on the basis of the Payment Schedule for use of the Credit Amount and for the deferring of the Contract Fee to be paid for concluding the Contract (if not paid on the day of concluding the Contract). Interest shall be calculated from and subject to payment from the date of entry into the Contract (included) until the Payment Due Date of the last Instalment (excluded) in accordance with the Payment Schedule under the Contract. Daily Interest is the Interest calculated per day upon withdrawal from the Contract (applicable in cases where the Buyer withdraws from the Contract). 1.5. Residual Value is the value of the Returned Goods, determined by the Seller on the expiry date of the initial Contract.
Sample 1
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Related to TERMS AND DEFINITIONS OF THE CONTRACT

  • Terms and Definitions The terms listed below shall have the respective meaning given them as set forth adjacent to each term.

  • COMMON TERMS AND DEFINITIONS The parties agree to the following terms and definitions, and to those terms and definitions 12 which, for convenience, are set forth elsewhere in the Agreement.

  • Definitions of Words and Terms Capitalized words used in this Agreement which are not otherwise defined herein shall have the meanings set forth in the Annex of Definitions attached hereto.

  • Definitions of Terms The terms defined in this Section (except as in this Indenture or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires) for all purposes of this Indenture and of any indenture supplemental hereto shall have the respective meanings specified in this Section and shall include the plural as well as the singular. All other terms used in this Indenture that are defined in the Trust Indenture Act of 1939, as amended, or that are by reference in such Act defined in the Securities Act of 1933, as amended (except as herein or any indenture supplemental hereto otherwise expressly provided or unless the context otherwise requires), shall have the meanings assigned to such terms in said Trust Indenture Act and in said Securities Act as in force at the date of the execution of this instrument.

  • Scope and Definitions 1. The provisions of this Chapter shall apply to standards, technical regulations, and conformity assessment procedures as defined in the WTO TBT Agreement in so far as they affect trade covered by this Agreement. 2. For the purposes of this Chapter, the definitions used by the WTO TBT Agreement shall apply.

  • Interpretations and Definitions 2.01 For the purpose of this Agreement:

  • Interpretation and Definitions 2.01 For the purpose of this Agreement:

  • Amendment of Definitions Subject to Section 2.01 hereof, the Indenture is hereby amended by deleting any definitions from the Indenture with respect to which references would be eliminated as a result of the amendments of the Indenture pursuant to Section 1.01 hereof.

  • General Terms and Conditions of the Notes Section 201.

  • Construction and Definitions Unless defined below or otherwise in this Annex A, all of the capitalized terms used in this Annex A shall have the meanings assigned to them in this Agreement:

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